Cement News tagged: Corporate

Japan’s Sumitomo Osaka Cement cuts forecast

02 November 2004, Published under Cement News

Cement maker Sumitomo Osaka Cement Corp said it has lowered its full year to March 2005 net profit forecast to 4.6bn yen from 5. 5bn due to the adverse impact of surging coal and crude oil prices, whi

Italcementi Q3 net flat to lower

02 November 2004, Published under Cement News

Italcementi SpA’s third quarter net profit, due Friday, is expected to be flat to lower on the lack of last year’s exceptional gains, and on higher energy costs, analysts said. The net wil

Indocement nine months figs down

02 November 2004, Published under Cement News

PT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement maker, Monday said its nine-month net profit fell 74 per cent on year due mainly to foreign exchange losses. Net profit in Janua

Cemex acted quickly to cement RMC deal

02 November 2004, Published under Cement News

The market heard about the deal on September 27 and was excited by its sheer size – reports the UK Banker magazine. Cemex, Mexico’s cement manufacturer, paid no less than $4.1bn in cash for RMC,

FLS Industries A/S completes sale

FLS Industries A/S completes sale

01 November 2004, Published under Cement News

The Danish engineering and building materials group FLS Industries A/S announced on Friday (29 October) that its sale of the cement operations Aalborg Portland and Unicon to the Italian group Cementir

Spanish Cementos Lemona profit down

01 November 2004, Published under Cement News

Spanish cement producer Cementos Lemona posted a Euro 9.11m consolidated attributable net profit for the first nine months of 2004, down 35 per cent year-on-year, the company reported to the Spanish s

AXA increases HeidelbergCement stake

AXA increases HeidelbergCement stake

29 October 2004, Published under Cement News

French insurance giant Axa said Friday it had increased its stake in German cement maker HeidelbergCement to 10.22 percent from 9.28 percent previously. Under German law, companies are obliged to publ

China touches the interest brakes

29 October 2004, Published under Cement News

China’s central bank raised interest rates Thursday for the first time in nearly a decade, signaling a deep unease with the breakneck pace of development and an intent to curb a construction boom that

India’s Mangalam Cement swings to profit

29 October 2004, Published under Cement News

Indian cement maker Mangalam Cement Ltd said on Friday it made a net profit of 4.6 million rupees in the July-September quarter compared with a net loss of 290.7 million rupees a year ago. It said ne

Colombian Cementos Rioclaro

29 October 2004, Published under Cement News

Colombian cement maker Cementos Rioclaro, a subsidiary of Colombian largest cement maker Cemento Argos, posted a net profit of 33.574bn Colombian pesos ($12.99m) from January to September 2004, compar

Siam Cement posts jump in 3Q net profit

28 October 2004, Published under Cement News

The Siam Cement Group posted net profit of 11,988 million baht (US$292m) for the third quarter of this financial year, a jump of 147 per cent on the same period last year. The company said in a state

Pakistan’s DGK Cement posts profits

28 October 2004, Published under Cement News

The profit of DG Khan Cement in the first quarter ended September 30, 2004, may range from Rs 235 million (US$3.9 million) to Rs 302 million. DG Khan sold 484,000t cement during 1QFY05, about 37 perce

Saudi Southern Province

28 October 2004, Published under Cement News

Saudi cement producer Southern Province Cement (SPC) posted a net profit of 439 mln Saudi riyals ($117.1m) for the first nine months of 2004, up from 386.5 mln riyals ($103.1m) in the same period of

UltraTech Cement posts net loss

27 October 2004, Published under Cement News

The AV Birla group company - UltraTech Cement Ltd has posted a net loss of Rs 2.3 crore for the quarter ended September 2004. Net sales for the quarter was reported at Rs 587.8 crore. The company has

Maltsovsky Portlandcement

27 October 2004, Published under Cement News

Maltsovsky Portlandcement made over 2.8Mt of cement in 9M 2004, a 1.4 per cent rise against in the same period 2003. Packed cement output was about 268,000t, Eurocement press service reported .

FLS embraces Efficiency of 3D

27 October 2004, Published under Cement News

FL Smidth of Denmark, the world’s leading supplier of cement production technology, has selected SolidWorks(R) software as its 3D mechanical design standard because it will dramatically increase